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1384.6 - Statistics - Tasmania, 2008  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 14/01/2005  Ceased
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Contents >> Finance and investment >> Investment >> Public gross fixed capital formation

Gross fixed capital formation is the value of acquisitions less disposals of new or existing fixed assets. Assets consist of tangible or intangible assets that have come into existence as outputs from processes of production, and that are themselves used repeatedly or continuously in other processes of production over periods of time longer than one year.

In 2003-04, total public gross fixed capital formation in Tasmania was $708 million, an increase of $37 million on the 2002-03 figure of $671 million.

Of the $708 million public gross fixed capital formation in 2003-04, some $391 million (55.2%) was from expenditure by public corporations and $317 million (44.8%) was from general government expenditure.

PUBLIC GROSS FIXED CAPITAL FORMATION, Tasmania(a)
2000-01
2001-02
2002-03
2003-04
$m
$m
$m
$m

Public corporations(b)
Commonwealth r
70
71
62
67
State and local r
146
461
271
324
Total r
216
532
333
391

General government
National r
52
62
68
73
State and local r
227
260
270
244
Total r
279
322
338
317

Total public gross fixed capital formation r
495
855
671
708


r revised
(a) Current prices.
(b) Corporations in which Australian governments own a majority of the shares.

Source: Australian National Accounts: State Accounts (cat. no. 5220.0).


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